Alfred cost of living index

In the event that the cost of living data was unavailable for this city, estimates based upon nearby cities were used. Each cost of living index is based on a national average of 100. If the amount is below 100, it is lower than the national average. If the amount is above 100, it is higher than the national average.
IndexAlfredNew YorkNational
Cost of living index99122100
IndexAlfredNew YorkNational
Goods & Services index116112100
Groceries index110103100
Health care index107104100
Housing index70149100
Transportation index111122100
Utilities index97102100
An overview of the general cost of living index for Alfred, NY is displayed above for your reference. Residents in Alfred, NY enjoy a cost of living index of 99. This index is 19% lower than the New York average, and 1% lower than the national average. The following categories are used when determining the cost of living index for any given city: health care (5%), transportation (9%), utilities (10%), groceries (13%), housing (30%), and goods/services (33%). Clearly, housing and goods/services make up the majority of the formula for calculating the cost of living index. Because of this, the general cost of living for any given area can be estimated by looking at the cost of everyday goods in that area. For those living in Alfred, NY, the average cost of goods and services is 3% higher than it is in New York, and it is 16% higher than the national average.

Did you know?

  • The cost of living in Alfred is 19% lower than the New York average.
  • The cost of living in Alfred is 1% lower than the national average.
  • The cost of housing in Alfred is 30% lower than the national average.
  • New York general sales tax is 21% lower than the national average.
  • New York state income tax is 80% higher than the national average.

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Compare Alfred, NY Cost of living To Other Cities

Salary Calculator

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Using the salary calculator lets you compare the salary you earn in Alfred, NY to what it is in other cities. It will let you know what your earnings would have to be in another city to have the same standard of living, as determined by the cost of living in each city. For example, if the cost of living in the area you want to move to is higher than the cost of living in Alfred, NY, you have to earn a higher income in order to still have the same standard of living. To operate the Alfred, NY salary calculator, put in the name of the other city, then move the slider to the point that represents the current income. The salary calculator will take care of the rest and tell you how much more or less you must earn in the new city. A Total breakdown of the cost of living is also provided.

Median Income & Debt-To-Income Ratio

Median IncomePer YearPer MonthMax Budget (28% DTI)Max Budget (36% DTI)
Owners$100,000$8,333$2,333$3,000
Renters$15,000$1,250$350$450
The percent of monthly income spent on housing can be a good indicator of the affordability of housing in Alfred, NY as well as the overall cost of living. As a general rule of thumb, the debt-to-income ratio (DTI) for homeowners or renters should be not more than 28 percent of gross income to be spent on housing related costs and not more than 36 percent of income on all expenses, including debts. The median income for Alfred, NY homeowners, is $100,000. This would allow for a maximum of $2,333 per month to be spent on housing costs. For renters, the median monthly income is $15,000 which would result in a maximum of $350 to be spent on rental costs.

New York Sales Tax

StateGeneral Sales TaxWith Max Surtax
New York4%8.875%

New York Income Tax

StateIncome Tax (Low)Income Tax (High)
New York4%8.82%
For those who live in Alfred, NY and want to know what the true cost of living is, they ought to look at both the New York income tax rate and the New York sales tax rate. By sales tax, we mean the taxes that are included whenever a person is purchasing any goods or services. The amount that is taxed depends upon the particular state, where some states have a sales tax of zero percent while others can have a tax higher than seven percent. In New York, the sales tax is 4%, while the most you'll pay in surtax is 8.875%. There is also income tax to consider, which is based upon the amount of money made in a year. Just like sales tax, income tax depends upon the particular state but also depends upon what tax bracket the person is in. Income tax for the state can be higher than nine percent in some states to zero percent in others. For those that live in New York, the income tax rate ranges between 4% to 8.82%.

Goods & Services

ItemAlfredNational avg.Difference
Haircut $20.25$14.5938.8%
Beauty Salon $40.00$34.6815.3%
Toothpaste $1.99$2.4719.5%
Shampoo $0.99$1.023.1%
Movie $11.30$9.8714.5%
Bowling $4.45$4.391.3%

Groceries

ItemAlfredNational avg.Difference
Ground Beef $4.32$4.483.5%
Fried Chicken $1.97$1.4634.6%
Milk $2.62$2.3611.2%
Potatoes $3.39$3.0610.7%
Pizza $8.13$9.2412.0%
Beer $9.05$8.634.8%

Health Care

ItemAlfredNational avg.Difference
Optometrist $108.75$99.789.0%
Doctor $101.25$105.033.6%
Dentist $95.25$88.707.4%
Ibuprofen $9.89$9.415.1%
Lipitor $351.24$298.5017.7%

Housing

ItemAlfredNational avg.Difference
Home Price $113,000.00$175,700.0035.7%
Avg. Mortgage Payment $1,821.15$1,081.0368.5%
Apartment Rent $765.00$920.0016.8%

Transportation

ItemAlfredNational avg.Difference
Gasoline $2.17$2.093.7%
Tire Balancing $58.76$45.2929.8%

Utilities

ItemAlfredNational avg.Difference
All Electricity$156.79$170.808.2%
Phone $29.75$28.265.3%
Although the cost of living data is updated regularly, this cost of living information is to be used as estimates only as prices can change on an ongoing basis.

Nearby cities with low cost of living

City, StatePopulationCost of Living IndexNational Avg.
Almond, NY53591-9%
Belmont, NY1,03191-9%
Andover, NY86091-9%
Wellsville, NY4,62191-9%
Hornell, NY8,50891-9%
Alfred, NY4,27899-1%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Daytona Beach Shores, FL4,27811414%
Pendleton, IN4,27991-9%
North Kansas City, MO4,28092-8%
Clay Center, KS4,28081-19%
Hurstbourne, KY4,28012121%
Alfred, NY4,27899-1%
Source: The Alfred, NY cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2015.